DCN dacian gold limited

SEEMS TIME TO GIVE UP

  1. 1,340 Posts.
    lightbulb Created with Sketch. 122
    I'll wait to see what it's about before making any decisions.
  2. 1,912 Posts.
    lightbulb Created with Sketch. 730
    You are lucky if you went into GCY after administration and not so lucky to see its value reduced to 5% before during administration. There are parallels between GCY and DCN except that LJ took the decision to do CR and save the company from going into administration. If soI wouldn't be surprise to see shareholder value reduced to 5%.

    I think the doom and gloom after the Mar qtr is infecting most investors. Not sure why that should be the case when DCN is actually cashflow positive for the year of up to $12M and even after spending $48M of DC and Exploration (sorry to repeat here).

    Anyway there is no info on why the need for CR and therefore as at this point it is still not a "doom and gloom" scenario.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.